Food and Beverages Industry Reports: July 2020

Monday, 20 July 2020

Kosher Beef Market Analysis, Trends and Industry Size, Forecasts Till, 2019-2025

The global Kosher Beef Market size is expected to reach USD 248.93 billion by 2025, according to a new report by Grand View Research, Inc. It is projected to expand at a CAGR of 3.3% during the forecast period. Increasing demand for kosher food in North America and Europe is anticipated to drive the growth. The Jewish cuisine has evolved to become the hottest food trend in countries like U.S., Canada, France, U.K., and Germany. Organizations operating in food service industry have picked up on this trend with myriads of diners, pizzerias, cafes, cafeterias, bakeries, caterers, and butchers serving kosher food products including beef.

In Israel, food franchisees including, Sbarro, KFC, and McDonald’s offer kosher beef products. Various other multinational food franchises such as Suway, Dunkin’ Donuts, and Krispy Kreme in U.S. have expanded their product portfolio with kosher beef variants. In January 2014, Golden West Food Group, California introduced Glatt Kosher beef under its brand Certified Angus Beef. The product undergoes two levels of certification, Orthodox Union being one of them.

In April 2016, Migrator, a Russian meat giant, became the first company outside of North America to be certified with Certified Angus Beef. The company is also leading a huge project on legal classification and certification of beef marbling. Organizations have been launching new kosher beef products rapidly. Even bacon-a non-kosher food-has been redesigned. Jack Gourmet’s, a Brooklyn based kosher meat providing organization has been providing cured-beef sausages since 2015 under the name Facon. The process of preparation remains similar to pork sausages and the product tastes fairly similar as well. Similarly, KOL Foods, an organic kosher beef distributor offers beef bacons. The organization sells it with the unique selling proposition of it being less fatty thus, healthier.

Immense support from different governments plays a crucial role in promoting the demand for kosher beef products. Companies from across the globe have come up to grant hechsher to packaged beef. Some of these certifications are Orthodox Union, Organized Kashrut, and Kashrut Division of the London Beth Din.

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Further key findings from the report suggest:

Neck, chuck, and shoulder cut segment is expected to generate a revenue of USD 84.57 billion by 2025
B2B application segment accounted for more than 50% of the global kosher beef market in terms of revenue in 2018
Online distribution channel is projected to exceed a market share of 15% in terms of revenue by 2025
Asia Pacific is expected to foresee a CAGR of 2.6% in terms of volume from 2019 to 2025

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Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.

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Friday, 17 July 2020

Vanillin Market: Industry Analysis and Trends, 2025

The global Vanillin Market size is expected to reach USD 724.5 million by 2025, according to a new report by Grand View Research, Inc. Increasing consumption of food & beverage products has been a key factor driving market growth, globally. In addition, robust growth in various end-use industries such as food & beverage, fragrance, cosmetics, and pharmaceuticals is also fueling the demand.

Vanillin is an essential aromatic compound extensively used to enhance the aroma and flavor of the different end-use products. Vanilla beans constitute pleasant smell, that occurs naturally in vanilla beans. It is widely used as a flavoring agent in food products and aromatic additives for incense, perfumes, medicines, candles, and air fresheners. Due to the ability to enhance flavor in food products coupled with low-calorie content and high availability of antioxidants in vanillin, its demand from the food & beverage segment is anticipated to increase over the forecast period.

Food & beverage accounted as the largest end-use segment in 2016 and is anticipated to grow significantly over the upcoming years. Growing demand for various food products is encouraging manufacturers to produce vanillin products from a sustainable source.

The fragrance segment is expected to witness the fastest growth in terms of volume over the forecast period with an estimated CAGR of 6.0% from 2017 to 2025. Increasing consumer spending on beauty and personal care products along with growing usage of aromatic products in various fragrance application products are anticipated to fuel the growth of the vanillin market over the forecast period. In addition, increasing usage of fragrance products in emerging economies such as India, China, the U.S., and Brazil is expected to increase the demand further.

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http://www.grandviewresearch.com/industry-analysis/vanillin-market

Further key findings from the report suggest:

The global vanillin demand was 18,653.9 tons in 2016 and is expected to grow at a CAGR of 6.2% from 2017 to 2025. Food & beverage emerged as the largest end-use segment in 2016 and is estimated to generate revenue worth USD 448.5 million by 2025.
Global demand in fragrance was USD 106.6 million in 2016 and is anticipated to witness staggered growth over the next eight years. The U.S. market in the pharmaceutical segment was 446.7 tons in 2016 and is estimated to reach a total volume of over 617.7 tons by 2025
The industry in the Asia Pacific is projected to witness substantial growth over the next eight years owing to robust growth in various end-use industries, especially in the food & beverage market. In terms of revenue, the APAC market is expected to grow at a CAGR of 7.6% from 2017 to 2025
Key players including Evolva S.A., Solvay S.A., International Flavors Fragrances, Inc., De Monchy Aromatics and Comax Flavors dominated the global market while accounting for over half of the total volume in 2015

Related Reading @ https://www.grandviewresearch.com/blog/vanillin-market-size-share